Practicing Success
Practicing Success
CUET Preparation Today
| The balance left in the share forfeited account after the reissue of such shares represents which type of profit of the company? |
Revenue profit Capital profit Special profit None of these |
| Capital profit |
| The balance, if any, left in Share Forfeited A/c, in respect of shares reissued, should be treated as capital profit and transferred to Capital Reserve A/c. |
